Variman Global Enterprises Ltd

₹ 13.6 -1.38%

27 Nov 11:01 a.m.

About

Incorporated in 1993, Variman Global Enterprises Ltd is in the business of distribution of HPMPS division and EATON Power Solutions^[1]

Key Points

Business Overview:^[1]
VGEL is an IT solutions company providing solutions through software development, IT Infrastructure solutions and distributing IT Hardware to 800+ online & offline retailers, resellers and system integrators. Company acts as a strategic link between vendors to partners and clients

Website BSE

Market Cap ₹ 265 Cr.
Current Price ₹ 13.6
High / Low ₹ 34.0 / 11.1
Stock P/E
Book Value ₹ 2.26
Dividend Yield 0.00 %
ROCE 5.08 %
ROE 1.68 %
Face Value ₹ 1.00

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 6.11 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Promoter holding is low: 28.1%
Company has a low return on equity of 2.53% over last 3 years.
Promoter holding has decreased over last 3 years: -4.79%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	5.04	4.62	7.92	23.36	10.62	6.13	11.14	6.78	17.03	12.34	13.78	11.04	19.29
	5.21	4.43	8.24	22.24	10.32	5.83	11.64	7.30	15.08	12.61	15.20	12.16	18.89
Operating Profit	-0.17	0.19	-0.32	1.12	0.30	0.30	-0.50	-0.52	1.95	-0.27	-1.42	-1.12	0.40
OPM %	-3.37%	4.11%	-4.04%	4.79%	2.82%	4.89%	-4.49%	-7.67%	11.45%	-2.19%	-10.30%	-10.14%	2.07%
	-0.24	0.49	0.31	0.11	0.06	0.05	1.01	0.34	0.51	0.14	1.64	1.36	0.25
Interest	0.07	0.12	0.11	0.06	0.08	0.18	0.45	0.25	0.22	0.27	0.64	0.02	0.37
Depreciation	0.02	0.02	0.02	0.01	0.01	0.01	0.03	0.09	0.06	0.14	0.09	0.12	0.14
Profit before tax	-0.50	0.54	-0.14	1.16	0.27	0.16	0.03	-0.52	2.18	-0.54	-0.51	0.10	0.14
Tax %	0.00%	27.78%	-114.29%	25.86%	18.52%	25.00%	0.00%	0.00%	2.75%	1.85%	-1.96%	30.00%	21.43%
	-0.50	0.39	0.02	0.86	0.21	0.11	0.03	-0.51	2.11	-0.54	-0.50	0.07	0.11
EPS in Rs	-0.03	0.02	0.00	0.05	0.01	0.01	0.00	-0.03	0.11	-0.03	-0.03	0.00	0.01
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2003	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	0.00	8.44	3.29	1.83	0.61	5.75	18.70	22.07	22.93	51.24	49.92	56.45
	0.06	8.13	2.99	2.10	0.69	5.98	18.10	21.42	23.30	50.03	50.16	58.86
Operating Profit	-0.06	0.31	0.30	-0.27	-0.08	-0.23	0.60	0.65	-0.37	1.21	-0.24	-2.41
OPM %		3.67%	9.12%	-14.75%	-13.11%	-4.00%	3.21%	2.95%	-1.61%	2.36%	-0.48%	-4.27%
	0.00	0.07	0.00	0.00	0.18	0.39	0.03	0.57	0.91	1.23	2.63	3.39
Interest	0.00	0.00	0.00	0.03	0.04	0.00	0.24	0.18	0.37	0.77	1.39	1.30
Depreciation	0.01	0.04	0.14	0.08	0.06	0.04	0.08	0.13	0.08	0.07	0.38	0.49
Profit before tax	-0.07	0.34	0.16	-0.38	0.00	0.12	0.31	0.91	0.09	1.60	0.62	-0.81
Tax %	0.00%	23.53%	18.75%	-2.63%		16.67%	25.81%	28.57%	33.33%	20.00%	19.35%
	-0.07	0.27	0.13	-0.37	0.00	0.09	0.23	0.66	0.06	1.28	0.50	-0.86
EPS in Rs					0.00	0.01	0.01	0.04	0.00	0.07	0.03	-0.05
Dividend Payout %	0.00%	0.00%	0.00%	0.00%		0.00%	0.00%	38.05%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	%
5 Years:	54%
3 Years:	31%
TTM:	37%

Compounded Profit Growth
10 Years:	%
5 Years:	41%
3 Years:	17%
TTM:	-149%

Stock Price CAGR
10 Years:	%
5 Years:	73%
3 Years:	58%
1 Year:	-2%

Return on Equity
10 Years:	%
5 Years:	2%
3 Years:	3%
Last Year:	2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2003	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	3.25	5.25	5.25	5.25	5.25	16.74	16.74	16.74	17.99	19.40	19.46	19.46
Reserves	-1.60	-1.88	-1.74	-2.12	-2.12	-2.03	-1.81	-1.40	2.48	9.91	10.84	24.51
	0.00	0.00	0.01	0.17	0.25	1.38	1.97	2.38	2.96	6.91	12.59	13.28
	0.01	0.49	0.26	3.32	3.10	0.17	2.51	6.02	1.78	11.88	12.15	15.14
Total Liabilities	1.66	3.86	3.78	6.62	6.48	16.26	19.41	23.74	25.21	48.10	55.04	72.39
	1.05	0.31	1.19	0.81	0.14	0.10	0.29	0.25	0.17	1.24	2.16	3.32
CWIP	0.00	1.00	0.00	0.00	0.00	0.12	1.04	1.12	0.95	0.96	0.96	0.96
Investments	0.20	0.00	0.00	0.00	0.00	7.33	5.32	4.97	4.59	5.94	6.11	6.97
	0.41	2.55	2.59	5.81	6.34	8.71	12.76	17.40	19.50	39.96	45.81	61.14
Total Assets	1.66	3.86	3.78	6.62	6.48	16.26	19.41	23.74	25.21	48.10	55.04	72.39

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1.63	0.10	-0.42	-0.78	-5.15	0.57	-0.81	-6.78	-9.22	-6.16
	-0.35	-0.01	0.30	0.60	-7.44	-0.40	0.75	1.35	-1.29	1.17
	2.00	0.00	0.16	0.08	12.65	-0.10	0.24	5.29	10.73	4.79
Net Cash Flow	0.02	0.10	0.04	-0.09	0.05	0.07	0.18	-0.13	0.22	-0.20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	92.55	218.56	169.54	586.39	116.17	68.90	109.65	71.15	95.88	81.09
Inventory Days	0.00	24.08
Days Payable		11.41
Cash Conversion Cycle	92.55	231.23	169.54	586.39	116.17	68.90	109.65	71.15	95.88	81.09
Working Capital Days	86.49	237.42	454.75	1,854.92	530.04	194.60	180.60	276.66	195.96	243.55
ROCE %		4.64%	-10.26%	1.20%	1.23%	3.33%	3.47%	2.24%	7.95%	5.08%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	32.92%	30.60%	30.49%	30.01%	30.01%	28.23%	28.14%	28.14%	28.14%	28.14%	28.14%	28.14%
	0.00%	0.58%	0.58%	0.36%	0.36%	0.31%	0.31%	0.57%	1.36%	2.84%	1.55%	1.55%
	1.49%	1.39%	1.38%	1.37%	1.37%	1.29%	1.28%	1.28%	1.28%	1.28%	1.28%	1.28%
	65.59%	67.42%	67.54%	68.27%	68.27%	70.17%	70.27%	70.01%	69.23%	67.75%	69.01%	69.03%
No. of Shareholders	3,509	4,658	4,188	5,519	9,615	9,497	9,353	9,606	10,532	9,779	9,967	10,842

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	33.23%	35.96%	35.50%	33.57%	30.60%	28.23%	28.14%	28.14%
	0.00%	0.00%	0.00%	0.00%	0.58%	0.31%	2.84%	1.55%
	4.76%	1.49%	1.49%	1.49%	1.39%	1.29%	1.28%	1.28%
	62.01%	62.55%	63.00%	64.93%	67.42%	70.17%	67.75%	69.03%
No. of Shareholders	3,016	3,047	3,101	3,267	4,658	9,497	9,779	10,842

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Variman Global Enterprises Ltd

Variman Global Enterprises Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

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